Bitcoin (BTCUSD) Prepares For Bullish Continuation After Structural Support Rebound

BTCUSD prepares for bullish continuation after structural support rebound. Technically, BTCUSD has exhibited decisive price behavior around critical Fibonacci zones. The market recently tested the 0.618 retracement area near $108,270, which coincides with an order block zone, and responded with a strong rejection, reinforcing the demand base. Price action has since reclaimed higher ground, pushing toward the $111,380 midpoint level. This structural rebound demonstrates both buyer absorption and institutional demand presence, which historically have preceded continuation moves in line with the prevailing uptrend. Key support now rests between $108,000 and $110,000, while resistance is visible at $124,530.

Looking ahead, the forecast favors a bullish extension toward $124,530, with further potential to $130,000 as momentum strengthens. If the market maintains support above $110,000, bulls are likely to accelerate price discovery into new highs, building on the established foundation of demand. Any interim pullbacks toward $108,000 are expected to attract fresh bids, reinforcing the uptrend structure. Given the current technical environment, BTCUSD is positioned to resume its upward cycle.

BTC Key Levels

Supply Levels: $124,530, $130,000, $136,000
Demand Levels: $108,390, $95,980, $85,010

What are the indicators saying?

Bitcoin has maintained its constructive stance in recent sessions, supported by the broader risk-on sentiment and favorable technical indicators. The daily chart shows price reclaiming the short-term moving average around $110,010, after defending the $108,390 support region with conviction. The Stochastic Oscillator is gradually recovering from mid-range levels near 44, suggesting building bullish momentum. This alignment of trend and momentum indicators underlines a positive market outlook, where recent corrective actions appear more like a consolidation phase within a larger bullish framework.

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